Senior Manager - Financial Services - Insurance and Actuarial Advisory Services - Modeling

EY · Boston, MA · 2 wk ago

On-siteFinance$171k–$391k/yrFull-time

About the role

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction.

Responsibilities

Deliver creative and innovative thinking to clients worldwide, supporting them in making confident financial judgements in support of their business goals.
Lead engagement teams, working directly with clients, mentoring and developing team members and building your personal brand as a leader in your field.
Play significant roles in client engagement teams in the financial modeling area of our practice, in a wide variety of projects including:

Model development and optimization
Model validations and efficiency assessments
Actuarial transformation
Mergers and Acquisitions
Financial and regulatory reporting

Requirements

A Bachelor’s degree in Actuarial Science, Mathematics, Statistics or another related major
Approximately 8+ years of relevant experience, including at least 4 years of people and/or project management
Fellowship in the Society of Actuaries
Strong knowledge of at least one prominent actuarial modeling software platform including but not limited to: Moodys GGY AXIS, FIS Prophet, Milliman ALFA/Integrate, Aon Benfield PathWise, Slope, PolySystems, among others
Strong writing, presentation, conceptual, analytical, project management, and interpersonal skills
Prior experience with key platform library coding modules specific to actuarial modeling platforms worked with previously (asset, liability, economic-related modules)
Solution design expertise, with the ability to effectively translate business requirements into modeling solutions
Proficient in model staging and development skill sets, including coding, data transformation and prep, batch creation and automation, assumption management, and extraction / manipulation of model output
Proficient in model development lifecycle processes and activities, including model change management, unit and user acceptance testing procedures
Knowledge of US Life, Health and Annuity products, including prominent features, product dynamics, and key modeling considerations. Associated regulations including STAT/GAAP reporting with considerations of emerging frameworks (such as VM-22)
Experience with asset modeling and ALM-related concepts, including asset model staging, processing data from externally projected asset sources, asset/liability interaction modeling, reinvestment modeling, and management of run time/fidelity trade-offs
Experience with open-source coding paradigms such as Python, R, Julia, others
Experience with leading and overseeing actuarial modeling projects, including model development, validation, and optimization

Qualifications

Passionate about actuarial work
Great communicator
Flexible in the face of often rapidly changing projects

Skills

Consistently deliver quality client services and high-quality work products within expected timeframes and on budget
Monitor progress, manage risk and ensure key stakeholders are kept informed about progress and expected outcomes
Assist clients in tackling unique and complex business issues using your experience, innovative solution development, leadership and a strong EY support team
Cultivate and manage business development opportunities, understanding EY and its service lines and actively assessing ways to serve clients
Develop and maintain long-term client relationships and networks
Foster an innovative and inclusive team-oriented work environment
Play an active role in counselling and mentoring junior consultants within the organization
Provide constructive feedback and coaching to team members in real time
Demonstrate in-depth technical capabilities and professional knowledge, with the ability to quickly assimilate new knowledge
Possess good business acumen and remain current on new developments in advisory services capabilities and industry knowledge
Understand and communicate complex actuarial issues, stay informed of and apply professional standards and firm policies (e.g., Actuarial Standards of Practice)
Develop a strong personal brand and enhance the EY brand by writing articles, participating in industry groups and speaking at seminars

Benefits

Base salary range for this job in all geographic locations in the US is $171,000 to $390,600. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $205,100 to $443,800. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.